PUBLISHER: QKS Group | PRODUCT CODE: 1637588
PUBLISHER: QKS Group | PRODUCT CODE: 1637588
Market Share: Buy Side-Contract Lifecycle Management (CLM), 2023-2028, USA (Bundle of Two Reports)
This product includes two reports: Market Share and Market Forecast.
Market Share Description:
QKS Group Reveals that Buy Side-Contract Lifecycle Management (CLM) Market is Projected to Register a CAGR of below average by 2028 in USA.
Despite being a leading market for various technological advancements, the United States is expected to see below-average growth in the Buy Side-Contract Lifecycle Management (CLM) sector by 2028. This slower growth can be attributed to several factors, including market saturation and the high initial costs associated with implementing comprehensive CLM solutions. Many large enterprises in the US have already adopted these systems, leaving a smaller market for new growth. Additionally, economic uncertainties and varying regulatory requirements across states pose challenges for widespread CLM adoption. As a result, the USA's growth in the CLM market lags behind other regions that are still in the earlier stages of digital transformation and automation adoption.
Quadrant Knowledge Solutions defines Contract Lifecycle Management (CLM) as software that automates and streamlines the end-to-end contract lifecycle from creation, negotiation, approval, execution, analysis, and compliance to renewal/expiry. The CLM software also provides a centralized contract repository for all types of contracts and agreements, including contracts from vendors, business partners, customers, employees, and others. The CLM software often stores supplier data, contract terms, negotiated prices, and other information to provide centralized visibility, enabling companies to execute contractual agreements faster and more efficiently. The CLM software helps the organization minimize administration costs and improve contractual performance, operational efficiency, and regulatory compliance.
Market Forecast Description:
QKS Group Reveals that Buy Side-Contract lifecycle management (CLM) Market is Projected to Register a CAGR of below average by 2028 in the USA.
Looking ahead, the future of the Buy Side-Contract Lifecycle Management (CLM) market in the USA will likely focus on enhancing existing systems and integrating advanced technologies such as artificial intelligence (AI) and machine learning (ML). Companies will prioritize optimizing their current CLM platforms to improve efficiency and compliance, leveraging AI and ML for better contract analytics and risk management. Moreover, there will be an increased emphasis on integrating CLM with other enterprise systems like ERP and CRM to create more seamless workflows. While the overall market growth may be below average, these advancements will drive value and operational improvements for businesses that already utilize CLM solutions.
Quadrant Knowledge Solutions defines Contract Lifecycle Management (CLM) as software that automates and streamlines the end-to-end contract lifecycle from creation, negotiation, approval, execution, analysis, and compliance to renewal/expiry. The CLM software also provides a centralized contract repository for all types of contracts and agreements, including contracts from vendors, business partners, customers, employees, and others. The CLM software often stores supplier data, contract terms, negotiated prices, and other information to provide centralized visibility, enabling companies to execute contractual agreements faster and more efficiently. The CLM software helps the organization minimize administration costs and improve contractual performance, operational efficiency, and regulatory compliance.
TABLE OF CONTENTS
Market Share:
Chapter 01: Executive Summary
- Key Research Findings
- Top Predictions
- Top Trends
- Market Summary
Chapter 02: Market Overview
- Market Definition and Scope
- Key Factors Impacting the Market
- Drivers & Restraints
Chapter 03: Market Share Analysis
- USA Market Share
- USA Market Share by Industry Verticals
- Market Share by Media & Entertainment
- Market Share by Retail
- Market Share by BFSI
- Market Share by Travel & Hospitality
- Market Share by Education
- Market Share by Public Sector
- Market Share by Healthcare & Life Science
- Market Share by Automotive
- Market Share by Food & Beverage
- USA Market Share by Deployment Type
- Market Share by Deployment Type: On prem
- Market Share by Deployment Type: Cloud
- USA Market Share by Customer Type
- Market Share by SMB
- Market Share by Large
- Market Share by Enterprise
Chapter 04: Company Profile
- Company Overview
- Analyst Perspectives and Analysis
Chapter 05: Appendix
- Research Methodologies
Market Forecast:
Chapter 01: Executive Summary
- Key Research Findings
- Top Predictions
- Top Trends
- Market Summary
Chapter 02: Market Overview
- Market Definition and Scope
- Key Factors Impacting the Market
- Drivers & Restraints
Chapter 03: Market Forecast Analysis
- USA Market Forecast
- USA Market Forecast by Industry Verticals
- Market Forecast by Media & Entertainment
- Market Forecast by Retail
- Market Forecast by BFSI
- Market Forecast by Travel & Hospitality
- Market Forecast by Education
- Market Forecast by Public Sector
- Market Forecast by Healthcare & Life Science
- Market Forecast by Automotive
- Market Forecast by Food & Beverage
- USA Market Forecast by Deployment Type
- Market Forecast by Deployment Type: On prem
- Market Forecast by Deployment Type: Cloud
- USA Market Forecast by Customer Type
- Market Forecast by SMB
- Market Forecast by Large
- Market Forecast by Enterprise
Chapter 04: Company Profile
- Company Overview
- Analyst Perspectives and Analysis
Chapter 05: Appendix
- Research Methodologies
LIST OF FIGURES
Market Share:
- Fig. 1 Market Share of Buy Side-Contract lifecycle management (CLM) USA, 2023
- Fig. 2 USA Market Share of Buy Side-Contract lifecycle management (CLM) IT & Telecom Industry, 2023
- Fig. 3 USA Market Share of Buy Side-Contract lifecycle management (CLM) Banking & Financial Services Industry, 2023
- Fig. 4 USA Market Share of Buy Side-Contract lifecycle management (CLM) Insurance Industry, 2023
- Fig. 5 USA Market Share of Buy Side-Contract lifecycle management (CLM) Healthcare Industry, 2023
- Fig. 6 USA Market Share of Buy Side-Contract lifecycle management (CLM) Government & Public Sector, 2023
- Fig. 7 USA Market Share of Buy Side-Contract lifecycle management (CLM) Retail & eCommerce, 2023
- Fig. 8 USA Market Share of Buy Side-Contract lifecycle management (CLM) Manufacturing, 2023
- Fig. 9 USA Market Share of Buy Side-Contract lifecycle management (CLM) Hospitality, 2023
- Fig. 10 USA Market Share of Buy Side-Contract lifecycle management (CLM) On-premises Deployment, 2023
- Fig. 11 USA Market Share of Buy Side-Contract lifecycle management (CLM) Cloud Deployment, 2023
- Fig. 12 USA Market Share of Buy Side-Contract lifecycle management (CLM) SMB Customers, 2023
- Fig. 13 USA Market Share of Buy Side-Contract lifecycle management (CLM) Large Customers, 2023
- Fig. 14 USA Market Share of Buy Side-Contract lifecycle management (CLM) Enterprise Customers, 2023
Market Forecast:
- Fig. 1 Market Forecast of Buy Side-Contract lifecycle management (CLM) USA, 2024- 2028
- Fig. 2 Market Forecast of Buy Side-Contract lifecycle management (CLM) IT & Telecom Industry, 2024- 2028
- Fig. 3 Market Forecast of Buy Side-Contract lifecycle management (CLM) Banking & Financial Services Industry, 2023
- Fig. 4 Market Forecast of Buy Side-Contract lifecycle management (CLM) Insurance Industry, 2024- 2028
- Fig. 5 Market Forecast of Buy Side-Contract lifecycle management (CLM) Healthcare Industry, 2024- 2028
- Fig. 6 Market Forecast of Buy Side-Contract lifecycle management (CLM) Government & Public Sector, 2024- 2028
- Fig. 7 Market Forecast of Buy Side-Contract lifecycle management (CLM) Retail & eCommerce, 2024- 2028
- Fig. 8 Market Forecast of Buy Side-Contract lifecycle management (CLM) Manufacturing, 2024- 2028
- Fig. 9 Market Forecast of Buy Side-Contract lifecycle management (CLM) Hospitality, 2024- 2028
- Fig. 10 Market Forecast of Buy Side-Contract lifecycle management (CLM) On-premises Deployment, 2024- 2028
- Fig. 11 Market Forecast of Buy Side-Contract lifecycle management (CLM) Cloud Deployment, 2024- 2028
- Fig. 12 Market Forecast of Buy Side-Contract lifecycle management (CLM) SMB Customers, 2024- 2028
- Fig. 13 Market Forecast of Buy Side-Contract lifecycle management (CLM) Large Customers, 2024- 2028
- Fig. 14 Market Forecast of Buy Side-Contract lifecycle management (CLM) Enterprise Customers, 2024- 2028
